KMG Fiduciary Partners LLC Lowers Stake in Welltower Inc. (NYSE:WELL)

KMG Fiduciary Partners LLC cut its position in shares of Welltower Inc. (NYSE:WELL) by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,148 shares of the real estate investment trust’s stock after selling 95 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Welltower were worth $5,538,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WELL. Roxbury Financial LLC purchased a new stake in shares of Welltower during the fourth quarter worth about $26,000. Sierra Ocean LLC purchased a new stake in shares of Welltower during the fourth quarter worth about $28,000. Franchise Capital Ltd purchased a new stake in shares of Welltower during the first quarter worth about $32,000. First Command Advisory Services Inc. purchased a new stake in shares of Welltower during the fourth quarter worth about $50,000. Finally, Cape Investment Advisory Inc. purchased a new stake in shares of Welltower during the fourth quarter worth about $53,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WELL has been the subject of a number of research analyst reports. Mizuho upped their price objective on shares of Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Evercore ISI raised their target price on shares of Welltower from $145.00 to $157.00 and gave the stock an “in-line” rating in a research report on Thursday, May 1st. Bank of America raised their target price on shares of Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Royal Bank of Canada raised shares of Welltower from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Finally, Wall Street Zen cut shares of Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $163.25.

Welltower Trading Up 0.9%

WELL opened at $154.44 on Friday. The firm has a market capitalization of $101.00 billion, a P/E ratio of 99.00, a P/E/G ratio of 2.87 and a beta of 0.94. The firm’s 50 day moving average is $148.04 and its 200-day moving average is $141.86. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a 52-week low of $100.13 and a 52-week high of $158.55.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, topping the consensus estimate of $1.15 by $0.05. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The company’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 earnings per share. Analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 annualized dividend and a dividend yield of 1.74%. Welltower’s dividend payout ratio is currently 154.02%.

Welltower Profile

Welltower Inc (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.